Tag: goal

There was ‘frustration’ in Kim Jong Un’s message: Expert 4:50 AM ET Wed, 2 Jan 2019 | 03:00But to do so, Pyongyang needs help from its rich neighbors. The nuclear-armed nation is seeking more than $7.7 million in investment, the Seoul-based online newspaper NK News reported last month, citing information from a website run by North Korea’s foreign trade ministry. Xi’s Belt and Road project offers the perfect answer to those needs. Pyongyang “would love to be part of Belt and Road,” Dane Chamorro

But to do so, Pyongyang needs help from its rich neighbors. The nuclear-armed nation is seeking more than $7.7 million in investment, the Seoul-based online newspaper NK News reported last month, citing information from a website run by North Korea’s foreign trade ministry.

Xi’s Belt and Road project offers the perfect answer to those needs. China has historically been Pyongyang’s largest trading partner.

Pyongyang “would love to be part of Belt and Road,” Dane Chamorro, a senior partner in the Asia Pacific division of Control Risks, a consulting firm specializing in politics told CNBC on Friday. Kim’s government is waiting for an invitation so his country can get assistance on the construction of railway links and ports and other facilities, Chamorro said.

Beijing also seems keen on Pyongyang’s inclusion, with the Chinese government inviting a North Korean delegation to attend a Belt and Road summit in 2017 — but it’s unlikely to take any action for now.

Including Pyongyang in the BRI is “probably more trouble than it’s worth” at the present moment, said Mintaro Oba, a former U.S. State Department official who specialized in the Koreas during the administration of former President Barack Obama.

For one, sanctions still remain in place. Beijing, however, has called for those penalties to be eased.

US on its way to Trump’s goal of ‘energy dominance,’ says Marathon CEO 21 Hours Ago | 01:26President Donald Trump’s goal of making the United States a global superpower in energy is starting to come true, Marathon Petroleum Corp. Chairman and CEO Gary Heminger told CNBC on Tuesday. Recent declines in oil prices haven’t stopped U.S. producers from pumping more oil ahead of OPEC’s meetings later this week, at which the group of oil-exporting countries are expected to cut production. “The U.S. refi

US on its way to Trump’s goal of ‘energy dominance,’ says Marathon CEO 21 Hours Ago | 01:26

President Donald Trump’s goal of making the United States a global superpower in energy is starting to come true, Marathon Petroleum Corp. Chairman and CEO Gary Heminger told CNBC on Tuesday.

“When I look at the president’s theme to begin with and the beginning of his administration, he wanted to have energy dominance in the U.S. and I believe that we are well on our way,” Heminger told Jim Cramer in an exclusive “Mad Money” interview. “We’re the largest producer in the world today.”

Recent declines in oil prices haven’t stopped U.S. producers from pumping more oil ahead of OPEC’s meetings later this week, at which the group of oil-exporting countries are expected to cut production.

That puts the United States in a league above its competitors, said the Marathon chief, whose Ohio-based company specializes in petroleum refining, marketing and transportation.

“The U.S. refining system [is] second to none of anyone in the industry, so I believe we’re well on our way now” to global energy dominance, Heminger said.

The CEO added that he expected OPEC’s meetings in Vienna, Austria this Thursday and Friday to result in “a pullback in OPEC production,” in which case “we’ll see crude prices inch up” from their current levels.

And although oil’s recent pummeling has benefited business at Marathon — where oil is part of Marathon’s cost of goods sold, so price declines translate into higher margins — Heminger said the company sees prices for the benchmark West Texas Intermediate crude rising significantly in 2019.

“We really believe the price is probably going to end up being … $65 to [$]70 in 2019, on an average,” he said. “I believe we’ve averaged almost $65 — about [$]64.50 — year to date in 2018, so we think we’re being conservative looking at that number for next year.”

WTI crude futures fell 0.64 percent on Tuesday to $52.61. Year to date, the commodity has lost 8.77 percent.

European planemaker Airbus maintained its key target for jet deliveries on Wednesday, but warned reaching it would be a “greater stretch” after a sequence of industrial problems. Analysts on average expected third-quarter adjusted operating profit of 1.441 billion euros on sales of 15.316 billion, according to a Reuters poll. Airbus has been struggling with fresh industrial problems as production of its fast-selling A321neo passenger jet hit a snag in Hamburg, Germany, even as bottlenecks eased

European planemaker Airbus maintained its key target for jet deliveries on Wednesday, but warned reaching it would be a “greater stretch” after a sequence of industrial problems.

The cautious tone on deliveries, which drive revenues and profits, came despite higher than expected third-quarter core earnings at Europe’s largest aerospace group.

The maker of jetliners, satellites and helicopters said it had made an adjusted operating profit of 1.576 billion euros ($1.8 billion) in the quarter on revenues of 15.451 billion.

Analysts on average expected third-quarter adjusted operating profit of 1.441 billion euros on sales of 15.316 billion, according to a Reuters poll.

Airbus has been struggling with fresh industrial problems as production of its fast-selling A321neo passenger jet hit a snag in Hamburg, Germany, even as bottlenecks eased at some engine makers.

The new problems, which coincide with a queue of aircraft still waiting to be fitted with engines and delivered in the aftermath of the engine delays, were first reported by Reuters.

“A lot remains to be done before the end of the year to fulfil commitments,” Airbus said, while sticking to its target of around 800 commercial deliveries in 2018.

As before, the target excludes deliveries of the recently acquired Bombardier CSeries jet, now renamed A220.

Boeing too has been suffering some industrial problems, but the world’s largest planemaker last week reported stronger-than-expected third-quarter profit.

The commercial aerospace sector is in the eighth year of an extended upcycle but there are some concerns about airline profitability that usually drives jet orders, speakers at the Airline Economics conference in Hong Kong said this week.

Even so, planemakers and their suppliers are pushing production to record levels based on eight years’ worth of new plane orders, and their attention is focused on ironing out flaws in an already stretched global supply chain.

North Korea must take steps towards verified denuclearization before achieving the “shared goal” of an official end to the 1950-53 Korean War, a U.S. envoy said on Monday. Stephen Biegun, U.S. Special Representative for North Korea, was in Seoul to meet senior South Korean officials, including his counterpart Lee Do-hoon, amid rising signs of discord between the allies on North Korea. North Korea and the United States have been at odds over whether the North’s denuclearisation or declaring an en

North Korea must take steps towards verified denuclearization before achieving the “shared goal” of an official end to the 1950-53 Korean War, a U.S. envoy said on Monday.

Stephen Biegun, U.S. Special Representative for North Korea, was in Seoul to meet senior South Korean officials, including his counterpart Lee Do-hoon, amid rising signs of discord between the allies on North Korea.

In recent months, the administration of South Korea’s Moon Jae-in has forged ahead with efforts to engage with the North, stoking U.S. concern over a range of issues, especially the continued enforcement of U.N. sanctions over the North’s nuclear and missile programs.

North Korean leader Kim Jong Un vowed to work towards denuclearization during an unprecedented June summit with U.S. President Donald Trump, but the North’s actions have failed to satisfy U.S. demands for irreversible steps to scrap its arsenal, including a full disclosure of nuclear weapons and facilities.

The two diplomats sought to inject fresh momentum into stalled nuclear talks, with Biegun saying he was “absolutely certain” the allies could work together to achieve their objective of denuclearization.

“We have a shared goal here, which is to bring an end to 70 years of war and hostilities on the Korean peninsula,” Biegun told Lee at the start of their meeting.

“And the primary requirement for us to get to the end point is to achieve final, fully, verified denuclearisation of North Korea. I am absolutely confident this is within reach.”

North Korea and the United States have been at odds over whether the North’s denuclearisation or declaring an end to the Korean War should come first.

The war ended with an armistice, not a peace treaty, meaning U.S.-led U.N. forces are technically still at war with the North.

Lee said that Washington and Seoul were working to ensure that both countries engage North Korea with a united front.

“Because the denuclearisation process is at a critical juncture we need to meet up as often as possible to make sure there is no daylight whatsoever between our two allies,” Lee said.

While Biegun is not scheduled to visit the North, he said he was eager to begin “working-level negotiations” with the reclusive state as soon as possible.

He said early this month that he had offered to meet his North Korean counterpart, Vice Foreign Minister Choe Son Hui.

The talks came amid signs of a rift between Seoul and Washington.

The United States suspended some of its annual military drills with South Korea, but has been wary of providing Pyongyang big economic benefits until it takes further concrete disarmament steps.

The two Koreas agreed to launch a joint study to reconnect rail links this month, but it has yet to begin due to delays in consultations with the U.S.-led United Nations Command (UNC), which oversees affairs in the border region.

The survey was initially scheduled for August but the plan fell apart after the UNC refused passage of a test train.

When asked about the slow progress in the rail initiative, South Korean Unification Minister Cho Myoung-gyon said there were “areas where we and the U.S. side have slightly different views.

“But it’s not to the extent that the United States is opposed to inter-Korean projects,” Cho told a parliamentary audit on Monday.

Cho said it was “still possible at this point” that the end-of-war declaration will be made and Kim will visit the South within this year as agreed at this year’s inter-Korean summits.

WATCH: Here’s what would happen if President Trump were to order a nuclear strike

CVS Health CEO Larry Merlo said he doesn’t lie awake at night worrying about Amazon but he does want to make sure he’s not leaving any room for disruption. “So that’s what we focus on as an organization, with the goal being: Don’t leave any white space for Amazon to disrupt,” Merlo said. Amazon bought its way into the prescription drug delivery business with a $1 billion acquisition of online pharmacy company PillPack. Merlo said it’s a “very niche product” since it’s designed for people with ch

CVS Health CEO Larry Merlo said he doesn’t lie awake at night worrying about Amazon but he does want to make sure he’s not leaving any room for disruption.

What Merlo does worry about is how CVS can meet the needs of its customers, he said Monday in an interview with David Rubenstein, president of the Economic Club of Washington, D.C. The company spends a lot of time listening to its customers to understand what they’re not happy about and filling their unmet needs, he said.

“So that’s what we focus on as an organization, with the goal being: Don’t leave any white space for Amazon to disrupt,” Merlo said.

Amazon bought its way into the prescription drug delivery business with a $1 billion acquisition of online pharmacy company PillPack. The move spooked Wall Street and shaved about $12.8 billion in market value from drugstores CVS, Walgreens Boots Alliance and Rite Aid.

PillPack sorts a person’s medicines into clear pouches with labels explaining what’s inside and when the person should take them. Merlo said it’s a “very niche product” since it’s designed for people with chronic conditions who take multiple drugs every day.

CVS said it offers a similar multi-dose-packaging product, ScriptPath, that incorporates a proprietary dosing schedule technology.

“We have that capability today,” Merlo said. “And listen, with the acquisition of PillPack, there’s nothing proprietary about their technology. It’s off the shelf.”

CVS is trying to become a disruptive force itself with its roughly $69 billion acquisition of health insurer Aetna. With the deal, CVS wants to manage chronic conditions such as diabetes at its MinuteClinics. They also want to steer people into these walk-in clinics and away from more expensive sites such as emergency rooms.

The Department of Justice last week gave the deal preliminary approval. CVS still needs states’ approval. Merlo said Monday they’re in the “home stretch” of that process.

Overall, the automaker has made 11,500 cars total since the quarter started through early Friday, Electrek said. Tesla has struggled with production on the Model 3 in the past. It had originally aimed to make 5,000 cars a week at the end of 2017 but did not reach that goal until the end of the second quarter this year. (Correction: The media report was based on the first 11 days of production in October, and therefore Tesla is approaching its goal. An earlier version of this story misstated the

Overall, the automaker has made 11,500 cars total since the quarter started through early Friday, Electrek said.

Tesla has struggled with production on the Model 3 in the past. It had originally aimed to make 5,000 cars a week at the end of 2017 but did not reach that goal until the end of the second quarter this year. However the company did deliver more vehicles in the third quarter than analysts expected. At the time, the automaker said production had stabilized.

Tesla declined to comment.

Read the full story at Electrek.

(Correction: The media report was based on the first 11 days of production in October, and therefore Tesla is approaching its goal. An earlier version of this story misstated the period of time in the report, and concluded Tesla was falling short.)

On Thursday, Trump said Powell is making a mistake with monetary policy but added that he does not intend to fire the Fed chairman. “Actions like the president’s are counterprodutive in the president’s terms,” said Summers, Harvard University president emeritus and formerly an economic advisor in Barack Obama’s White House. Summers, a strident critic of Trump, favors the kind of low rate policy that the president wants to preserve, but for different reasons. Trump wants to keep rates low because

“When the president of the United States blatantly politicizes the Fed, he makes it much harder for the Fed to ease [monetary policy] if they think that’s what’s appropriate,” the Treasury secretary in Bill Clinton’s administration told CNBC.

“No responsible central bank wants to look like it’s bending to political pressure,” he added. “It will damage its reputation and credibility if there’s an appearance of bending.”

Trump called into Fox News on Wednesday night and upped the ante on his criticism of the Fed under the leadership of Chairman Jerome Powell for increasing interest rates too quickly. “The Fed is going loco,” Trump said.

On Thursday, Trump said Powell is making a mistake with monetary policy but added that he does not intend to fire the Fed chairman.

“Actions like the president’s are counterprodutive in the president’s terms,” said Summers, Harvard University president emeritus and formerly an economic advisor in Barack Obama’s White House.

Powell’s remarks last week about monetary policy being a “long way” from neutral signaled a possibly more aggressive path for rate hikes, sparking a spike in bond yields to seven-year highs and applying pressure on the stock market.

The Fed last month raised the federal funds rate, which banks charge each other for overnight loans, for the third time this year. Another increase is expected in December. Post-meeting projections indicated central bankers were likely to take that benchmark rate to 3.4 percent before pausing.

Summers, a strident critic of Trump, favors the kind of low rate policy that the president wants to preserve, but for different reasons.

“For a long time now, I believed that the dangers are probably more on the tightening side than they are of staying easy for too long,” Summers told “Squawk on the Street,” saying he’s worried the “sugar high” from Trump’s corporate tax cut and other stimulative policies won’t be able to prop up the economy forever.

Trump wants to keep rates low because he fears further hikes could derail the stronger economy that’s been seen since he’s been in the White House. The president and his advisors have argued the pace of growth is not fueling problematic inflation, and therefore there’s no reason for the Fed to act.

Larry Kudlow, the president’s top economic advisor, said earlier Thursday in a separate interview on CNBC that Trump “is not dictating policy to the Fed.”

“The president has his own views. He’s stated them many times,” said Kudlow, a CNBC commentator before joining the White House. “We all know the Fed is independent.”

Dream-Setting is a process in which you:Define your ideal, future life, via a script of 1,000 words or more. In this script, you go out into the future five or more years and paint a picture with words of every facet of your ideal, future life. Clearly, the hardest part of this Dream-Setting process is pursuing and achieving the goals behind your dream, or the Goal Pursuit & Achievement Process (Step 4). Step 4’s Goal Pursuit & Achievement Process is the hardest part because it requires that you

In my book, “Change Your Habits, Change Your Life,” I introduced my readers to one of the tools successful entrepreneurs in my Rich Habits Study used that helped them become self-made millionaires. This tool is something called Dream-Setting.

Dream-Setting is a process in which you:

Define your ideal, future life, via a script of 1,000 words or more. In this script, you go out into the future five or more years and paint a picture with words of every facet of your ideal, future life. The home you own, the neighborhood you live in, the income you earn, the money you accumulate, the car you drive, the amazing people who are your closest friends, the places in the world you travel to, etc. Bullet point each dream within your script Build goals around each dream Pursue each goal until it is achieved

As you realize each dream, you climb your individual Dream Ladder. When you reach the top of your ladder, only then are you living the life of your dreams.

Clearly, the hardest part of this Dream-Setting process is pursuing and achieving the goals behind your dream, or the Goal Pursuit & Achievement Process (Step 4).

Step 4’s Goal Pursuit & Achievement Process is the hardest part because it requires that you:

Develop the knowledge and skills which enable you to pursue each goal, and Take action on each goal

Each of these two Goal Pursuit & Achievement Processes requires effort. Effort = time. Somehow, you must find the time to pursue and achieve the goals behind your dreams.

What makes devoting time to your goals so hard is that many who are pursuing their dreams and the goals behind their dreams have jobs which limit how much time they have to engage in this Goal Pursuit and Achievement Process.

So what do you do?

You must create a daily routine in which you block off time, every day, to dedicate to this Goal Pursuit & Achievement Process.

Some millennials are managing to put money away. A 2018 Bank of America survey found that one in six millennials now have $100,000 or more in savings. Other experts recommend saving 25 percent of your overall gross pay in your 20s, having saved the equivalent of your annual salary by age 30 and having saved about twice your annual salary by age 35. The first step to increase your savings is to set a savings goal, says Bankrate, “but be realistic. Look to cut down on your biggest costs,” and be a

Some millennials are managing to put money away. A 2018 Bank of America survey found that one in six millennials now have $100,000 or more in savings. However, most young people have far less than that. The financial website GOBankingRates found that 67 percent of them have less than $1,000 in saved and 46 percent have nothing saved at all. Well over half would struggle to cover the cost of an emergency.

According to former CNBC host, best-selling and financial advisor Suze Orman, you should aim to have at least six, and ideally eight to 12, months of savings in an emergency fund to cover unexpected expenses. Other experts recommend saving 25 percent of your overall gross pay in your 20s, having saved the equivalent of your annual salary by age 30 and having saved about twice your annual salary by age 35.

The first step to increase your savings is to set a savings goal, says Bankrate, “but be realistic. You’re not going to hit, say, $25,000 in one year, or even two. It’ll take years to reach your goal.” So set up a manageable system to help get you there. “Dedicate 5 to 10 percent of each paycheck to a high-yielding savings account. Look to cut down on your biggest costs,” and be aware of how you’re spending your money.

Here are some more tips to help you get started.

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But how do you maintain focus when you don’t have a well-defined goal, or when your mind is confused with many thoughts? Here are three ways you can maintain your focus:First, increase your awareness. If you start listing things that aren’t key to achieving your primary goal, then you know you’re not in the right frame of mind. By actually writing out your distractions, you will be able to visualize the impediments to your singular focus. When something is very important, you will effortlessly m

It’s easy to focus when you have a clear goal. If you want to get a promotion or a raise, you know what you need to concentrate on, whether it’s performing your job well or making sure your manager knows about your triumphs. But how do you maintain focus when you don’t have a well-defined goal, or when your mind is confused with many thoughts? How do you push through, so that you can find clarity amid the chaos?

When you have mixed thoughts, your brain doesn’t know what to do. For example, you can probably tie your shoe laces in less than thirty seconds. But when you try to time yourself, your attention will be divided between tying your laces and watching the stopwatch. You may mess up or take longer in lacing up your shoes. Making mistakes like this can lead to irritation and frustration. The lesson here is that your performance and precision will get better when you’re focused on the task at hand.

Here are three ways you can maintain your focus:

First, increase your awareness. Just by noticing that your mind is divided or concentrated on something else will make you realize that you are not 100 percent focused on the main goal. Say to yourself, “What am I thinking about right now?” Write down your answers. If you start listing things that aren’t key to achieving your primary goal, then you know you’re not in the right frame of mind. By actually writing out your distractions, you will be able to visualize the impediments to your singular focus. When you start thinking about something extraneous again, you’ll more quickly notice and identify the thought as not useful. And then you can dismiss the thought entirely.

Second, pick goals that interest you deeply and that will keep your attention. When something is very important, you will effortlessly maintain your focus because you really want to achieve this objective or goal. When you make the list of everything running through your mind, it may become clear that your mind is divided because your heart is conflicted – you’re not sure what you want. Circle the items on the list that you’re most curious or interested in, and only then will you realize what you truly want to achieve. You’ll want to pursue these goals with your full curiosity and passion.

Third, take short breaks. It’s important to hit the pause button. When you take a short break, you give your mind an opportunity to relax. It’s ok to be distracted from your core work activities because this is when the mind can explore other ideas and thoughts. Let your mind wander or relax during these brief gaps because it’s during this time that your brain can recover and re-focus. After you’ve taken a few minutes to walk or read or even just sit silently sipping a coffee, you can reengage with whatever you should be focusing on. You’ll return to your task with heightened concentration and focus on your goal.

Commentary by Deepak Chopra and Kabir Sehgal. Chopra is the author of The Healing Self with Rudolph E. Tanzi, the founder of The Chopra Foundation, co-founder of Jiyo and The Chopra Center for Wellbeing. Sehgal is a New York Times bestselling author. He is a former vice president at JPMorgan Chase, multi-Grammy Award winner and U.S. Navy veteran. Chopra and Sehgal are co-creators of Home: Where Everyone Is Welcome, inspired by American immigrants.